EUR/USD firms on news. Stops tripped through 1.4360 on way to session high 1.4379.

  • Reduced VAT to 4% from 8% on new housing purchases. Reduction temporary
  • Measure aimed to boost construction sector
  • Measure will last until December 31
  • Approves measures to cut pharmaceutical budget costs
  • Says pharmaceutical cost cuts would save regional govts 2.4 bln euros
  • Will continue to take measures to stimulate growth, jobs
  • Next Friday will approve measures to stimulate jobs